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IEPPE Exam Dumps : Internationally Educated Professional Practice Exam

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Internationally Educated Professional Practice Exam Questions and Answers

Question 1

Which of the following is an example of an ethical problem that is an unsuccessful attempt to remedy a technical issue that has been identified?

Options:

A.

A computer programmer brings a problem with a proposed new computer system to the attention of her managers. She blames a colleague for the problem. Her colleague is fired, but the organization goes ahead with the new system anyway. There are, however, no issues with the system.

B.

A computer programmer brings a problem with a proposed new computer system to the attentionof her managers. Her managers dismiss her concerns and move ahead with the new system. The organization does not experience any serious operational consequences as a result of the new system.

C.

A computer programmer brings a problem with a proposed new computer system to the attention of her managers. Her managers take note of her recommendations and implement changes to the new system.

D.

A computer programmer brings a problem with a proposed new computer system to the attention of her managers. Her managers dismiss her concerns and move ahead with the new system. The organization experiences serious operational consequences as a result of the new system.

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Question 2

Brown and Green have a concept for a new survey measuring instrument based on their many years in the Civil Survey field. They want to establish a business to raise capital, design, manufacture, and market this new instrument. Both Brown and Green are well established, are in their mid-50s, and have no family members who would be prepared to take over the business when they are ready to retire in about 10 years.

What form of business would they choose if they wanted to ensure their personal assets would be available when they are ready to retire?

Options:

A.

A limited liability partnership

B.

A partnership

C.

A sole proprietorship

D.

A corporation

Question 3

Brown and Green have a concept for a new survey measuring instrument based on their many years in the Civil Survey field. They want to establish a business to raise capital, design, manufacture, and market this new instrument. Both Brown and Green are well established, are in their mid-50s, and have no family members who would be prepared to take over the business when they are ready to retire in about 10 years.

Once the business is running and profitable, which business form facilitates getting money out of the business while maintaining the business as a going concern?

Options:

A.

A partnership, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.

B.

A corporation, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.

C.

A sole proprietorship, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.

D.

A joint venture of two sole proprietorships, because they can declare dividends, sell some of their shares, and/or pay themselves a salary.